How much interest will you pay if you borrow $850 for 2 years at 4% interest?

If you're being charged annually, you would end up paying $918.

Step-by-step explanation:

850 * 0.04 (or 4%) = 34

34 * 2(years) = 68

850 + 68 = 918

You would end up paying $68 in interest.

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